Great suggestion.Unfortunately for aspirant investors like me,...

Great suggestion.

Unfortunately for aspirant investors like me, this continuing, extended initiative in tonight's Federal Budget should on balance assist RWC in Australian sales (and profits), so any chance of my becoming a holder recedes a bit more:

Over 99 per cent of businesses, employing more than 11 million workers, can write off the full value of any eligible asset they purchase

– The measure, now extended by a year, has seen business spending on machinery and equipment increase at the fastest rate in nearly 7 years

– The two major business tax breaks are forecast to boost GDP by about $7.5 billion in 2021-22 and $8 billion in 2022-23

– The loss carry back measures allow businesses to offset previously taxed profits as far back

as 2018-19

– The government says the measures “are estimated to apply to around $320 billion worth of investment’’